Bill > HB2192

This bill creates a new income tax credit specifically for certified public accountants (CPAs) working in the Oklahoma State Treasurer's Office or the Oklahoma State Auditor and Inspector's Office. The credit allows qualified employees who are licensed CPAs to claim up to $5,000 per tax year for a maximum of five years total during their lifetime, applicable for tax years between January 1, 2026, and December 31, 2029. The credit can be claimed in nonconsecutive tax years and cannot reduce a taxpayer's tax liability below zero. Importantly, the bill allows CPAs who have previously established this credit and move to a different qualified employer to still claim the credit, ensuring portability of the tax benefit. The credit is designed to incentivize and retain qualified CPAs in these specific state government offices by providing a financial benefit. The bill will become effective on November 1, 2025, giving potential qualified employees advance notice of this new tax incentive.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2192&Session=2600